snoop1130 Posted October 9, 2023 Share Posted October 9, 2023 The Thai Ministry of Energy is more concerned over the prospect of a spike in global oil prices than oil supply disruption due to Israeli-Hamas war, according to Energy Permanent Secretary Prasert Sinsukprasert. He said the ministry is closely monitoring the war between Israel and Hamas, although the situation is unlikely to have direct impacts on Thailand’s oil imports. He explained that Thailand imports about 57% of its crude oil demand from other Middle Eastern countries and 33% of liquified natural gas (LNG) from other sources. Full story: Thai PBS 2023-10-09 - Cigna offers a range of visa-compliant plans that meet the minimum requirement of medical treatment, including COVID-19, up to THB 3m. For more information on all expat health insurance plans click here. Get our Daily Newsletter - Click HERE to subscribe Link to comment Share on other sites More sharing options...
hotchilli Posted October 9, 2023 Share Posted October 9, 2023 13 hours ago, snoop1130 said: He said the ministry is closely monitoring the war between Israel and Hamas, although the situation is unlikely to have direct impacts on Thailand’s oil imports. So why worry? 1 Link to comment Share on other sites More sharing options...
JensenZ Posted October 9, 2023 Share Posted October 9, 2023 19 minutes ago, hotchilli said: So why worry? Everyone who is concerned about inflation. All those people driving nice cars, on finance. A few times the last months I've paid more than milk (per litre) for petrol. It's a tremendous inflation driver. 2 Link to comment Share on other sites More sharing options...
nobodysfriend Posted October 10, 2023 Share Posted October 10, 2023 Neither Israel not Palestine are important producers of oil . Supply will be guaranteed by the Saudis etc ... Price might rise a bit , that's all . Oil , it seems the holy economy would crash without it ... But , the continuing burning of it harms the planet , and THAT really affects everybody , much more than inflation . 2 Link to comment Share on other sites More sharing options...
Cake Monster Posted October 10, 2023 Share Posted October 10, 2023 With the recent reduction in Diesel prices at the pump, any promise made to keep it reduced will cost Billions of Baht more in Government subsidies on an Oil Fund that is already under pressure Another govt give away that will maybe come back to bite them 1 Link to comment Share on other sites More sharing options...
Nickcage49 Posted October 10, 2023 Share Posted October 10, 2023 Should I take the time to explain to them how it works? One brings the other you rocket scientists, lol Link to comment Share on other sites More sharing options...
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